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Tata Power to scale down generation, focus on T&D, renewable for growth

Tata Power is also in the process of monetising non-core assets

Amritha Pillay  |  Mumbai 

Tata Power, which is into generation for more than a century, is making a conscious effort to move away from it.

The company plans to make just 20 per cent of its profit through generation over a period of time with the remaining planned from transmission & distribution (T&D) and renewable energy. “Right now, the share is roughly 30 per cent each, which will move (over a period of time) to 40 per cent, 40 per cent and 20 per cent (T&D, renewable and generation). This would be in terms of profitability,” said Praveer Sinha, chief executive officer (CEO) and managing ...

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First Published: Wed, February 05 2020. 20:32 IST
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